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Mohawk Group: 3Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ Mohawk Group Holdings Inc. (MWK) on Monday reported a loss of $805,000 in its third quarter.

The New York-based company said it had a loss of 5 cents per share.

The company posted revenue of $58.8 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $56 million.

Mohawk Group expects full-year revenue in the range of $175 million to $185 million.

Mohawk Group shares have risen 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.46, a rise of 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MWK at https://www.zacks.com/ap/MWK